Guarantors and Increased Rent: Are they still Liable?Renting a property can be an expensive endeavour, and for many tenants, having a guarantor can be a reassuring way to secure a property and provide security for Landlords. Guarantors are individuals who agree to pay...
Early signs you may have troublesome tenantsBeing a landlord can be a profitable venture, but it comes with its share of challenges, one of which is dealing with troublesome tenants. Unfortunately, not all tenants are easy to deal with, and landlords must be able to...
How is rent paid by tenants on benefits?Renting to tenants who are receiving benefits can be a great way to fill your properties, but it's important to understand the rental payment process when you're working with these types of tenants. In this guide, we'll explain...
What is a CCJ? Everything Landlords should know!One of the risks of renting out properties is having a tenant who fails to pay rent or causes damage to your property. In such cases, you might need to take legal action against the tenant to recover the costs. This is...
What's the difference between Let & Let agreed?It can be frustrating and concerning for landlords when a tenant suddenly disappears without warning. This phenomenon is commonly referred to as "AWOL" (Absent Without Leave), and it can have significant consequences...
A Landlord's Guide to UC47 & Direct Rent PaymentsCollecting rent is an essential part of a landlord’s business, so it's important to understand the various processes involved and ensure that rent payments are made on time. Two processes that you may encounter are...
Increasing the rent at renewal - What you need to knowRental income is the main source of revenue for landlords, and it's vital to review your rental prices regularly. Increasing your rental prices is a necessary step to maintain your property's value and ensure your...
A landlord's guide to addressing rent arrearsManaging a property as a landlord can be a fulfilling endeavour, but it's not without its challenges. One of the most daunting issues you can face is dealing with rent arrears. Rent arrears arise when tenants fall behind on...
How much Rent can a Landlord Charge? As a landlord, determining the right rental rate for your property is crucial. Setting the right price can mean the difference between having your property sit vacant or attracting a steady stream of tenants. In this blog...
Section 13 notice: increasing the rentA Section 13 notice is an official rent increase notice that can be used for periodic assured or assured shorthold tenancies. In order for a Section 13 notice to be valid, landlords must follow notice requirements, such as...
Increasing the rent: things to considerMany landlords currently find themselves in a tricky position. Skyrocketing inflation, the rising cost of running a property portfolio, and the gradual attrition of buy-to-let tax advantages mean that many are struggling to cover...
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Financial Risks of Ignoring Maintenance IssuesThe Financial Risks of Ignoring Maintenance Issues as a Landlord Owning a rental property can be a profitable venture, but it also comes with specific legal responsibilities. Under section 11 of the Housing Act 1985,...
8 Essential Strategies to Boost Your Property's Eco-FriendlinessIn the quest to mitigate the effects of climate change, it has become paramount for property owners to enhance the green credentials of their homes. Whether you're a homeowner or a property investor and...
Top Tips to Increase Rental Value in Your PropertyIt's a well-accepted truism that property is an exceptional investment, but how does one maximise returns on this investment, especially when it comes to rental properties? This article will provide you with invaluable...
Identifying Your Prospective TenantsThe Evolving Tenant Landscape As we navigate through 2023, the nature of the tenant landscape continues to shift, with notable changes observed in tenant demographics, behaviours, and preferences. Understanding these evolving trends...
Prospective Increase in Stamp Duty SurchargeAs the political climate shifts, so too does the prospect of fiscal legislation. Today, we delve into the realm of property taxation, specifically focusing on the potential for a substantial increase in the stamp duty...
Understanding 'Bills Included' TenanciesThe Increasing Popularity of 'Bills Included' Tenancies In the current rental market, 'bills included' tenancies are gaining traction. Offering an all-inclusive rental package, this type of agreement simplifies budgeting for...
HRMC to Investigate Landlords Tax LiabilitiesIn a recent development, Her Majesty's Revenue and Customs (HMRC) has embarked on a large-scale investigation, as Landlords become the focus once again. The Government department is using data from tenancy deposit schemes...
The Complete Guide to Understanding HMRC Investigations for LandlordsUnderstanding HMRC investigations is a vital part of ensuring your financial affairs are in order, especially as a landlord. The process can be daunting, and the more informed you are, the better you...
Potential Impacts of the Renters' Reform Bill on the Student Accommodation MarketThe Renters' Reform Bill is set to bring about monumental changes to the UK's private rented sector. This legislation promises to revamp the existing rules for landlords and tenants, with...
A Landlords Guide to the Tenant Fee ActThe Tenant Fee Act is an important piece of legislation in the United Kingdom that has significant implications for landlords. This act aims to protect tenants from unfair fees and ensure transparency in the rental market. In...